USD/JPY-4 Hour overview
Hello everybody!
-On a 4-hour time frame, we can see that the price made a very nice pullback and we can see that the price tested and rejected 50% Fibonacci level with a nice bullish candle.
-On the Stochastic indicator, we can see that the price formed a bullish hidden divergence, that is a sign that the bullish move may continue.
-On a 4-hour base, USD is just a little bit stronger than JPY and on a daily base, JPY is just a little bit stronger than USD.
-If USD becomes stronger than JPY then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price made a very nice pullback and we can see that the price tested and rejected 50% Fibonacci level with a nice bullish candle.
-On the Stochastic indicator, we can see that the price formed a bullish hidden divergence, that is a sign that the bullish move may continue.
-On a 4-hour base, USD is just a little bit stronger than JPY and on a daily base, JPY is just a little bit stronger than USD.
-If USD becomes stronger than JPY then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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